Mavenir präsentiert zukünftige Unternehmensstrategie auf jährlichem Global Analyst Event in Dallas

RICHARDSON, Texas, Dec. 05, 2024 (GLOBE NEWSWIRE) — Mavenir, ein Anbieter von cloudnativer Netzwerkinfrastruktur, der die Zukunft der Netzwerke gestaltet, veranstaltet vom 11. bis 12. Dezember 2024 sein jährliches Event für Analysten, um die laufenden Aktivitäten des Unternehmens zur Förderung der digitalen Transformation des Mobilfunknetzes zu beleuchten und seine Präsenz in der Telekommunikationsbranche als Anbieter einer cloudnativen, softwaregesteuerten Infrastruktur zu stärken, die auf den Aufbau offener, disaggregierter und KI–fähiger Netzwerke der Zukunft ausgerichtet ist. Während des Events wird Mavenir seine bahnbrechenden Fortschritte, strategischen Initiativen und seine Zukunftsstrategie globalen Analysten, Kunden und Partnern vorstellen.

Der Höhepunkt der Veranstaltung werden von Analysten moderierte Kamingespräche mit dem Führungsteam von Mavenir sein, die das gesamte Lösungsportfolio des Unternehmens, einschließlich Open RAN (Radio und vRAN) und Mobile Core–Technologien (IMS, Packet Core, Digital Enablement, Messaging, Sicherheit), behandeln werden. Die Führungskräfte werden außerdem über die vielversprechende Dynamik des Unternehmens sprechen, einschließlich der jüngsten Anerkennung bei den Global Telecoms Awards 2024, bei denen die Network Intelligence as a Service mit dem Advancing Artificial Intelligence Award ausgezeichnet wurde. Mehrere Kunden und Partner von Mavenir werden ferner über aktuelle technologische Innovationen und erfolgreiche Implementierungen berichten, die durch die Technologie von Mavenir weltweit ermöglicht wurden.

Zu den Höhepunkten der Sitzungen gehören:

  • Umfassende Portfolio–Updates: Präsentation des robusten Portfolios von Mavenir, das auf die Bedürfnisse der Betreiber in Bezug auf die Monetarisierung von Netzwerken und Kosteneffizienz zugeschnitten ist.
  • Erkenntnisse und zukünftige Strategie: Wichtige Erkenntnisse, mit denen wir die Einführung von Brownfield–Lösungen im Bereich Open RAN durch Differenzierung und Innovation weiter beschleunigen können.
  • Fortgesetzte Investitionen in das IMS Core Portfolio: Pläne, wie Mavenir sein IMS Core Portfolio stärkt, aufbauend auf seiner bestehenden Grundlage, die Hunderte Millionen Abonnenten über verschiedene Dienstleistungen hinweg unterstützt, darunter Mobilfunk, Festnetz, Privatkunden und Unternehmen. Der Wachstumsplan konzentriert sich auf die Nutzung der etablierten Basis und zielt darauf ab, etablierte Anbieter zu ersetzen und das wachsende Portfolio von Mavenir zu erweitern.
  • Nutzung des wachstumsstarken Packet Core Portfolios: Der konvergente Packet Core von Mavenir verzeichnet ein rasantes Wachstum im 5G–Segment, das durch die steigende Nachfrage nach Anwendungsfällen wie FWA, Satellitenkommunikation, private Netzwerke, Edge–Computing und den zunehmenden IoT–/Connected–Device–Traffic bedingt ist. Als einziges cloudnatives, von Grund auf neu entwickeltes Komplettangebot für Packet–Core–Netzwerkfunktionen zeigen wir, warum Mavenir einzigartig positioniert ist, um von der Verlagerung der Branche hin zu Automatisierung, KI/ML, Energieeffizienz und anderen wichtigen Anwendungsfällen zu profitieren.
  • Wachstum und Kundengewinnung: Pläne zur Nutzung des umfassenden End–to–End(E2E)–Portfolios von Mavenir und zur Erschließung vielversprechender 5G–Monetarisierungsmöglichkeiten mit cloudnativen Lösungen.
  • Nachhaltigkeit: Wie das Engagement von Mavenir für energieeffiziente, nachhaltige Lösungen die betriebliche Exzellenz in E2E–Netzwerken fördert.
  • Herausforderungen für Betreiber: Bewältigung von Herausforderungen bei der Sicherstellung des Netzwerkbetriebs, mit denen Kommunikationsdienstleister konfrontiert sind – durch den Einsatz von KI/ML–gestützter Network Intelligence as a Service, die den Weg für die Automatisierungsstufe 4 ebnet.
  • Innovation durch Partnerschaften: Einblick in die Zusammenarbeit mit Drittanbietern, die sich auf die Förderung von Innovationen in verschiedenen Bereichen konzentriert.

Pardeep Kohli, Präsident und CEO von Mavenir, der das zweitägige Event mit der Präsentation der Zukunftsstrategie des Unternehmens eröffnen wird, erklärte: „Mavenir ist nicht nur ein Equipment–Anbieter – wir spielen eine aktive Rolle bei der Neudefinition des Netzwerks der Zukunft, basierend auf unserer unübertroffenen technischen Innovation und unserem einzigartigen Verständnis der strategischen Möglichkeiten, die sich Kommunikationsdienstleistern durch die Netzwerktransformation eröffnen. Wir freuen uns auf dieses Treffen der globalen Community von Telekommunikationsanalysten, bei dem sie aus erster Hand Neuigkeiten über unsere technologischen Fortschritte, strategischen Partnerschaften und unser anhaltendes Engagement für Nachhaltigkeit von unserem erfahrenen Team bei Mavenir erfahren können.“

Hinweise für Redakteure:

Überblick über das Mavenir Global Analyst Event: 11. bis 12. Dezember 2024

Beim zweitägigen Global Analyst Event wird die Open–RAN–Fähigkeit von Mavenir im Mittelpunkt stehen. Dabei werden Erfolgsgeschichten von Kunden vorgestellt, anhand derer die Performance und Skalierbarkeit demonstriert wird, sowie strategische Kooperationen mit Innovatoren, die Fortschritte in verschiedenen Bereichen vorantreiben. Mavenir wird seine Strategien zur Beschleunigung von Brownfield–Implementierungen im Bereich Open RAN vorstellen, wobei der Schwerpunkt auf Differenzierung und Innovation liegt, und Pläne zur Förderung des geschäftlichen Wachstums durch die Nutzung seines umfassenden End–to–End–Portfolios und die Erschließung neuer 5G–Monetarisierungsmöglichkeiten durch cloudnative Lösungen vorstellen. Auch Nachhaltigkeit wird eine zentrale Rolle spielen, wobei der Schwerpunkt auf energieeffizienten Lösungen liegt, die operative Exzellenz gewährleisten, während Mavenirs KI/ML–gestützte Network Intelligence as a Service die drängenden Herausforderungen der Netzbetreiber bei der Sicherung von Netzwerkdiensten angehen wird. Durch die Präsentation seines robusten Portfolios wird Mavenir seine Rolle als Visionär bei der Förderung innovativer und nachhaltiger Telekommunikationslösungen stärken und den Weg für eine neue Ära der Netzwerktransformation ebnen. Um weitere Informationen zu erhalten, wenden Sie sich bitte an AR@mavenir.com.

Über Mavenir

Mavenir baut die Zukunft der Netzwerke schon heute mit cloudnativen, KI–fähigen Lösungen auf, die von Grund auf umweltfreundlich sind und es den Betreibern ermöglichen, die Vorteile von 5G zu nutzen und intelligente, automatisierte und programmierbare Netzwerke zu realisieren. Als Pionier des Open RAN und bewährter Branchenumgestalter sorgen die preisgekrönten Lösungen von Mavenir für Automatisierung und Monetarisierung in Mobilfunknetzen weltweit und beschleunigen die Transformation von Software–Netzwerken für über 300 Kommunikationsdienstanbieter in über 120 Ländern, die mehr als 50 % der weltweiten Abonnenten bedienen. Weitere Informationen finden Sie unter www.mavenir.com

Medienkontakte

Mavenir – PR–Kontakte:
Emmanuela Spiteri
PR@mavenir.com


GLOBENEWSWIRE (Distribution ID 9315037)

Mavenir présentera sa stratégie d’entreprise lors de l’Annual Global Analyst Event à Dallas

RICHARDSON, Texas, 05 déc. 2024 (GLOBE NEWSWIRE) — Mavenir, le fournisseur d’infrastructures basées sur le cloud qui bâtit les réseaux de demain, organisera son Annual Global Analyst Event les 11 et 12 décembre 2024. La société y présentera ses efforts continus en faveur de la transformation numérique des réseaux mobiles et renforcera sa présence au sein de l’industrie des télécoms en tant que fournisseur d’infrastructures logicielles basées sur le cloud se consacrant à la construction de réseaux avant–gardistes ouverts, désagrégés et dotés d’IA. Au cours de cet événement, Mavenir dévoilera ses avancées de pointe, ses initiatives stratégiques et sa démarche prospective aux analystes, clients et partenaires du monde entier.

Le temps fort de l’événement sera marqué par des discussions animées par des analystes avec l’équipe dirigeante de Mavenir, qui aborderont l’ensemble du portefeuille de solutions de la société, y compris les technologies Open RAN (radio et vRAN) et Mobile Core (IMS, Packet Core, Digital Enablement, Messaging, Security). Les dirigeants évoqueront également la dynamique prometteuse de l’entreprise, notamment sa récente distinction aux 2024 Global Telecoms Awards, où sa solution Network Intelligence as a Service a remporté le prix Advancing Artificial Intelligence. En outre, plusieurs clients et partenaires de Mavenir aborderont les innovations technologiques récentes et les déploiements fructueux rendus possibles par la technologie Mavenir dans le monde entier.

Parmi les points forts de l’événement figurent :

  • Mises à jour complètes du portefeuille : présentation du portefeuille robuste de Mavenir, conçu pour répondre aux besoins des opérateurs en matière de monétisation des réseaux et de rentabilité.
  • Apprentissages et stratégie future : informations clés permettant d’accélérer les déploiements Open RAN par le biais de la différenciation et de l’innovation.
  • Investissements continus dans le portefeuille IMS Core : planification de la consolidation du portefeuille IMS Core de Mavenir, à partir de sa base existante supportant des centaines de millions d’abonnés à travers divers services, notamment des services mobiles, fixes, résidentiels et d’entreprise. Le plan de croissance se concentre sur la capitalisation de la base des opérateurs historiques, en ciblant les opportunités de remplacement des fournisseurs historiques et en élargissant le portefeuille croissant de Mavenir.
  • Capitalisation sur le portefeuille Packet Core à forte croissance : la solution Converged Packet Core (cœur de réseau par paquets convergents) de Mavenir connaît une croissance rapide dans le segment 5G, stimulée par une demande accrue pour des cas d’utilisation tels que le FWA, les communications par satellite, les réseaux privés, le Edge Computing et la hausse du trafic IdO/appareils connectés. En tant que seule solution cloud–native, proposant une suite complète de fonctions de cœur de réseau par paquets, Mavenir est idéalement positionnée pour tirer profit de l’évolution de l’industrie vers l’automatisation, l’IA/ML, l’efficacité énergétique, et d’autres cas d’utilisation clés.
  • Croissance et acquisition de clients : projets visant à exploiter le portefeuille complet de bout en bout (E2E) de Mavenir et à saisir les opportunités prometteuses de monétisation de la 5G avec des solutions cloud–natives.
  • Durabilité : comment l’engagement de Mavenir en faveur de solutions durables et à faible consommation d’énergie renforce l’excellence opérationnelle dans les réseaux E2E.
  • Défis des opérateurs : relever les défis de l’assurance des services de réseau auxquels sont confrontés les fournisseurs de services de communication (CSP) à l’aide de la solution Network Intelligence as a Service alimentée par l’IA/ML, ouvrant ainsi la voie à l’automatisation de niveau 4.
  • L’innovation par le biais de partenariats : aperçu de la collaboration avec des tiers, axée sur la promotion de l’innovation dans divers domaines.

Pardeep Kohli, président–directeur général de Mavenir, inaugurera cet événement de deux jours en présentant la stratégie d’avenir de l’entreprise. Il a déclaré : « Mavenir n’est pas un simple fournisseur d’équipement. Nous jouons un rôle essentiel dans la redéfinition des réseaux de demain, en nous appuyant sur notre innovation technique inégalée et notre compréhension unique des possibilités stratégiques offertes aux fournisseurs de services de communication grâce à la transformation des réseaux. Nous sommes impatients de rencontrer la communauté mondiale des analystes télécoms et de leur permettre de découvrir en personne nos avancées technologiques, nos partenariats stratégiques et notre engagement permanent en faveur du développement durable. »

Notes à l’attention des rédacteurs

Aperçu du Global Analyst Event de Mavenir : 11–12 décembre 2024

Pendant deux jours, le Global Analyst Event mettra en lumière la stratégie de Mavenir en matière d’Open RAN en présentant des expériences clients concluantes qui démontrent la performance et l’évolutivité, ainsi que des collaborations stratégiques avec des innovateurs qui repoussent les limites dans de nombreux domaines. Mavenir exposera ses stratégies d’accélération des déploiements Open RAN, en se concentrant sur la différenciation et l’innovation, et dévoilera ses plans pour stimuler la croissance de la société en tirant parti de son portefeuille complet de bout en bout et en saisissant de nouvelles opportunités de monétisation de la 5G grâce à des solutions cloud–natives. Le développement durable occupera également le devant de la scène, avec une attention particulière portée aux solutions efficaces sur le plan énergétique qui garantissent l’excellence opérationnelle, tandis que la solution Network Intelligence as a Service de Mavenir, alimentée par l’IA/ML, répondra aux défis pressants des opérateurs en matière d’assurance des services de réseau. En présentant son portefeuille robuste, Mavenir renforcera son rôle de visionnaire dans le développement de solutions de télécommunications innovantes et durables, ouvrant la voie à une nouvelle ère dans la transformation des réseaux. Pour en savoir plus, veuillez contacter AR@mavenir.com.

À propos de Mavenir

Mavenir bâtit aujourd’hui les réseaux de demain grâce à des solutions basées sur le cloud et à l’IA, qui sont écologiques de par leur conception et qui permettent aux opérateurs de tirer parti des avantages de la 5G et de mettre en place des réseaux intelligents, automatisés et programmables. En tant que pionnier de l’Open RAN et innovateur du secteur, Mavenir et ses solutions primées assurent l’automatisation et la monétisation des réseaux mobiles dans le monde entier, accélérant la transformation des réseaux logiciels auprès de plus de 300 fournisseurs de services de communication dans plus de 120 pays, qui desservent plus de 50 % des abonnés dans le monde. Pour en savoir plus, consultez le site www.mavenir.com

Contacts médias

Contact relations publiques de Mavenir :
Emmanuela Spiteri
PR@mavenir.com


GLOBENEWSWIRE (Distribution ID 9315037)

Mavenir Apresenta Estratégia Corporativa Prospectiva no Evento Anual de Analistas Globais em Dallas

RICHARDSON, Texas, Dec. 05, 2024 (GLOBE NEWSWIRE) — A Mavenir, fornecedora de infraestrutura de rede nativa na nuvem que está criando o futuro das redes, realizará seu evento anual de analistas em 11 e 12 de dezembro de 2024. O evento tem o objetivo de discutir o trabalho contínuo da empresa para impulsionar a transformação digital da Rede Móvel. Irá também enfatizar sua presença na indústria de telecomunicações como fornecedora de infraestrutura nativa na nuvem e orientada por software focada na criação de redes abertas, desagregadas e habilitadas por IA do futuro. Durante o evento, a Mavenir apresentará seus avanços de ponta, iniciativas estratégicas e estratégia de avanço para analistas, clientes e parceiros globais.

O destaque do evento será o bate–papo moderado por analistas com a equipe de liderança sênior da Mavenir, que abordará todo o portfólio de soluções da empresa, incluindo tecnologias Open RAN (rádio e vRAN) e Mobile Core (IMS, Packet Core, Digital Enablement, Messaging, Security). Os líderes seniores também discutirão o momento promissor da empresa, incluindo sua recente premiação no 2024 Global Telecoms Awards, onde sua Network Intelligence as a Service conquistou o Advancing Artificial Intelligence Award. Vários clientes e parceiros da Mavenir também apresentarão as recentes inovações e implementações tecnológicas de sucesso possibilitadas pela tecnologia da Mavenir em todo o mundo.

Os destaques da sessão são:

  • Atualizações do Portfólio Abrangente: Introdução do portfólio robusto da Mavenir adaptado para atender às necessidades das operadoras de monetização de rede e eficiência de custos.
  • Aprendizados e Estratégia Futura: Principais insights que nos ajudarão a acelerar ainda mais as implantações brownfield da Open RAN por meio da diferenciação e da inovação.
  • Investimentos Contínuos no IMS Core Portfolio: Planos sobre como a Mavenir está fortalecendo seu IMS Core Portfolio, ampliando sua base existente que dá suporte a centenas de milhões de assinantes em vários serviços, incluindo móveis, fixos, residenciais e corporativos. O plano de crescimento se concentra na capitalização da base estabelecida, focado nas oportunidades de substituir os fornecedores estabelecidos e expandir o crescente portfólio da Mavenir.
  • Capitalização do Packet Core Portfolio de Alto Crescimento: O núcleo de pacotes convergentes da Mavenir está tendo um rápido crescimento no segmento 5G, impulsionado pela crescente demanda por casos de uso, como FWA, comunicações por satélite, redes privadas, computação de borda e no crescente aumento do tráfego de dispositivos conectados/IoT. Como a única oferta completa de funções de rede packet core nativas da nuvem,, abordaremos como a Mavenir está posicionada de forma única para capitalizar a mudança do setor em direção à automação, IA/ML, eficiência energética e outros casos de uso importantes.
  • Ampliação e Aquisição de Clientes: Planos para alavancar o portfólio abrangente de ponta a ponta (E2E) da Mavenir e capturar oportunidades promissoras de monetização 5G com soluções nativas da nuvem.
  • Sustentabilidade: Como o compromisso da Mavenir com soluções sustentáveis e com eficiência energética está reforçando a excelência operacional em todas as redes E2E.
  • Desafios das Operadoras: Abordagem dos desafios de garantia de serviços de rede enfrentados pelos Provedores de Serviços de Comunicação (CSPs) usando Inteligência de Rede como Serviço alimentada por IA/ML, abrindo caminho para a automação de Nível 4.
  • Inovação por Meio de Parcerias: Insights sobre a colaboração de terceiros focados na promoção da inovação em diversos domínios.

O Presidente e CEO da Mavenir, Pardeep Kohli, que abrirá o evento de dois dias apresentando a estratégia de avanço da empresa, disse: “A Mavenir não é apenas uma fornecedora de equipamentos – estamos tendo um papel ativo na redefinição da Rede do Futuro, com base na nossa inovação técnica incomparável e compreensão única das possibilidades estratégicas abertas aos Provedores de Serviços de Comunicação por meio da transformação da rede. Estamos prontos para nos reunir com a comunidade global de analistas de telecomunicações para que eles ouçam em primeira mão a equipe experiente da Mavenir sobre nossos avanços tecnológicos, parcerias estratégicas e compromisso contínuo com a sustentabilidade.”

Notas aos Editores

Visão Geral do Evento do Analista Global da Mavenir: 11 – 12 de dezembro de 2024

Este Evento de Analista Global de dois dias destacará o preparo do Open–RAN da Mavenir, apresentando histórias de sucesso de clientes que demonstram desempenho e escalabilidade, bem como colaborações estratégicas com inovadores que impulsionam avanços em diversos domínios. A Mavenir delineará suas estratégias para acelerar as implantações brownfield da Open RAN, com foco na diferenciação e inovação, e revelará planos para impulsionar o crescimento dos negócios, alavancando seu portfólio abrangente e completo e capturando novas oportunidades de monetização 5G por meio de soluções nativas da nuvem. A sustentabilidade também ocupará o centro das atenções, com foco em soluções energeticamente eficientes que garantam a excelência operacional, enquanto a Inteligência de Rede como Serviço alimentada por IA/ML da Mavenir abordará os desafios prementes dos operadores na Garantia de Serviço de Rede. Ao apresentar seu portfólio robusto, a Mavenir reforçará seu papel de visionária no avanço de soluções de telecomunicações inovadoras e sustentáveis, abrindo caminho para uma nova era na transformação da rede. Contate Ar@mavenir.com para mais informação.

Sobre a Mavenir

A Mavenir está estabelecendo hoje o futuro das redes com soluções nativas da nuvem e habilitadas para IA, que são ecológicas por design, capacitando as operadoras a obter os benefícios do 5G e alcançar redes inteligentes, automatizadas e programáveis. Como pioneira da Open RAN e uma comprovada disruptora revolucionária do setor, as soluções premiadas da Mavenir fornecem automação e monetização em redes móveis em todo o mundo, acelerando a transformação da rede de software para mais de 300 provedores de serviços de comunicações em mais de 120 países, que atendem a mais de 50% dos assinantes de todo o mundo. Para mais informação, visite www.mavenir.com

Contato com a Mídia

Contatos de RP da Mavenir:
Emmanuela Spiteri
PR@mavenir.com


GLOBENEWSWIRE (Distribution ID 9315037)

From Fossil Fuels to Green Futures: Oxford and EBC Financial Group on What’s Holding Us Back

OXFORD, United Kingdom, Dec. 05, 2024 (GLOBE NEWSWIRE) — In a world increasingly shaped by the dual crises of climate change and economic instability, the Oxford Department of Economics, in collaboration with EBC Financial Group (EBC), hosted a pivotal session in the “What Economists Really Do?” (WERD) series. The event brought together leading minds from academia and finance to explore actionable strategies for aligning economic systems with environmental sustainability while addressing pressing societal concerns.

The event, titled “Macroeconomics and Climate,” featured a keynote lecture by Associate Professor Andrea Chiavari and a panel discussion titled “Sustaining Sustainability: Balancing Economic Growth and Climate Resilience,” moderated by Associate Professor Banu Demir Pakel. Panellists included Dr. Nicola Ranger, Director of the Global Finance Group of the Environmental Change Institute and Senior Research Fellow at Oxford, and David Barrett, CEO of EBC Financial Group (UK) Ltd. Together, they dissected the intersection of policy, finance, and human impact, offering practical insights and recommendations that extend beyond theoretical discourse.

From left to right: Dr. Nicola Ranger (Director of the Global Finance Group of the Environmental Change Institute and Senior Research Fellow), Associate Professor Andrea Chiavari (Department of Economics), David Barrett (CEO of EBC Financial Group (UK) Ltd), and Associate Professor Banu Demir Pakel (Department of Economics)

EBC Financial Group: Empowering Responsible Trading and Sustainable Innovation
EBC Financial Group, a growing presence in the global financial markets, connects clients worldwide to opportunities for trading in forex, commodities, indices, and more through its comprehensive brokerage solutions. Operating across major financial hubs and emerging markets, EBC equips traders with innovative tools and fosters collaboration to address the evolving challenges of global finance. As the official Foreign Exchange Partner of FC Barcelona and a partner of the United Nations’ United to Beat Malaria campaign, EBC is committed to shaping a future defined by sustainability, equity, and responsible trading practices.

EBC’s participation in WERD reflects the growing urgency of bridging financial markets and academic research to address climate and economic challenges. By contributing to a shared dialogue on actionable strategies, EBC joined a community of thought leaders in highlighting practical steps to align financial systems with sustainable development goals.

Can We Grow the Economy and Save the Planet?
At the core of the discussions was the recognition that financial and environmental security are universally shared concerns. Dr. Chiavari delivered an eye–opening keynote on the economic costs of climate change. He illustrated the dramatic growth of global GDP since the industrial revolution, juxtaposing this with the environmental toll of fossil fuel consumption and rising CO2 emissions. Chiavari highlighted the critical importance of the social cost of carbon in shaping effective policies.

Central to his message was the concept of the social cost of carbon, which quantifies the broader societal costs of emissions. “Carbon taxation is not just an environmental necessity but also an economic one,” he asserted. Dr. Chiavari explained how such measures could create the economic incentives needed to steer both corporations and individuals toward sustainable choices. “Well, think again yourself,” Chiavari added. “Turning on the radiator, your benefit is the same as before—having a warmer room. But now your cost is much higher than before.”

Expanding on this point, Dr. Chiavari emphasised that carbon taxation is designed to target carbon emissions rather than energy consumption itself. “Carbon taxation taxes carbon, it doesn’t tax energy,” he explained. “So it creates huge incentives for the private sector, for people, for you, for us, for me, to move from fossil fuels to alternative sources of energy. It’s not just about reducing energy or output; it creates huge incentives to switch towards alternative energy sources.”

Building on this foundation, the panel discussion delved deeper into the practicalities of aligning economic growth with climate resilience, moderated by Dr. Banu Demir Pakel.

Bridging Policy, Finance, and Action Through a Panel of Perspectives
The panel discussion explored the complex interplay between economic growth and climate resilience. Each panellist brought distinct expertise to the conversation, offering fresh perspectives on how global systems can adapt to these twin imperatives.

Dr. Chiavari emphasised the global nature of addressing climate change, highlighting that emissions transcend borders and require a coordinated international response. He discussed the risks of carbon leakage, where stringent climate policies in one country could lead to emissions being displaced to regions with weaker regulations, ultimately undermining global progress. To mitigate this, Chiavari advocated for policies that foster international collaboration and innovation, ensuring that transitions to sustainable practices are both equitable and comprehensive.

Dr. Ranger highlighted the economic opportunities that can emerge from climate action, stating, “This is not just about costs, it’s about opportunities.” Articulating the potential to create jobs and stimulate economic growth while addressing climate risks, Dr. Ranger also stressed the importance of reshaping public narratives. She underscored that effective climate action can foster innovation and progress without imposing a significant financial burden. She also advocates for redirecting fossil fuel and other environmentally damaging subsidies, which globally amount to up to $7 trillion annually, towards green investments, such as renewable energy.

Leveraging his extensive experience in financial markets, Barrett emphasised the importance of aligning market incentives with sustainability goals. He shared a frank assessment of the sector’s challenges in embracing sustainability, underscoring the profit–driven nature of financial institutions: “The financial market is driven by the need to make money—whether that’s for its shareholders or investors.” Barrett highlighted the critical need for governments to create enforceable regulatory frameworks, noting that this alignment is essential to channel the sector’s influence towards meaningful climate action.

On the topic of Environmental, Social, and Governance (ESG) frameworks, Barrett expressed concern over their current implementation, noting, “ESG has become a tick–box exercise.” He called for stronger policies that ensure accountability and deliver measurable impact, rather than simply meeting superficial compliance standards.

During a discussion on climate “clubs”, Barrett highlighted the risks of fragmented global efforts. He cautioned, “For these initiatives to succeed, they need to include all major players. Otherwise, the emissions reductions achieved in some regions could be offset by increased emissions elsewhere.” This, he warned, could undermine the collective progress necessary to address climate challenges.

What Practical Steps Should Governments, Businesses, and Individuals Take to Build a Sustainable Economic Future That Feels Attainable and Secure for Everyone?

Separately, the moderator and panellists were interviewed to expand on this crucial question, providing diverse perspectives on the collaborative roles of governments, businesses, and individuals in addressing climate challenges.

The Role of Governments: Policies and Planning
Dr. Demir Pakel emphasised the importance of education and awareness in addressing climate change, particularly the role of governments in driving change. “The government’s role is to start with increasing awareness,” she explained, stressing the need for early education about the consequences of climate change. She highlighted the need for policies that not only incentivise the private sector but also guide consumer behaviour, noting, “It’s a complex network where governments hold the primary responsibility for planning and guiding action at every level.”

“The private sector needs incentives to be able to take action because they will definitely look shorter–term compared to the government. Therefore, their behaviour needs to be changed, and the government has another role: implementing policies to change the behaviour of both the private sector and consumers,” she added.

Market Incentives and Carbon Taxation
Dr. Chiavari reinforced the need for government–led interventions, particularly through carbon taxation, as a means to correct market failures. He explained that by incorporating the societal cost of emissions into energy prices, governments can encourage more responsible consumption and investment decisions.

Changing the Narrative: A Positive Transition
Dr. Ranger reflected on the current challenges in climate action, echoing that a significant part of the problem lies in awareness. “At the moment, something is going wrong, and I think a lot of that is about the awareness side,” she noted. “Governments play a role, but the government fundamentally does what the public will vote for. And a lack of awareness of the immediate benefits of a green energy transition—for energy security and public health—is a key problem at the moment.”

Ranger criticised that the narrative surrounding climate change has failed in recent years by framing it as a costly and burdensome challenge. “Particularly the narrative is this is going to cost a lot of money to deal with. I don’t agree with that view and it is not supported by the evidence. You know, we have to make hard decisions, but what we know is that right now the way we are approaching this is making it harder—specifically, a lack of certainty from government on its policies stalls investment and increases the costs. All the evidence shows that if we get the right policies in place and set a clear path for investors, a just transition is both the lowest cost and more beneficial pathway,” she said.

Pointing to fossil fuel subsidies, she highlighted how their redirection could catalyse a positive transition. “Globally, we pump so much money into fossil fuel subsidies—estimates range from five to seven trillion dollars a year. If you stopped that and put it into clean technologies, we would have solved the problem.”

To address this, Ranger called for a shift in public discourse to emphasise the economic opportunities inherent in climate action. She stressed the role of academics and experts in reshaping the narrative, saying, “We need to make sure people understand this is a positive transition. Through good government policy, the impact on individuals will not be significant and would actually boost job growth and innovation.”

Ranger concluded by urging governments to take the lead in changing this narrative, saying, “What I’d really like to see is governments getting behind this and saying, ‘Look, this is what’s going to happen. It’s going to benefit you. Here is the pathway. This is what both investors and the public need.’”

The Role of Businesses and Individuals: Accountability and Innovation
Barrett provided a candid perspective on the role of businesses and individuals in climate action. He highlighted the financial sector’s profit–driven nature, cautioning that it would not lead sustainability efforts without clear regulatory frameworks. “Financial markets will not do it on their own. They need to be incentivised to act,” he stated. “Once the financial sector is pointed in a direction and gets enthusiastic about a topic, it can accomplish incredible things, but it requires clear policy and incentives to get there.”

Barrett also reflected on the role of individuals as voters and consumers, stressing that their choices can significantly influence policy and corporate behaviour. “Policy needs to be much better at educating the voter about what it wants and how it should expect that to come about,” he remarked. By prioritising sustainable practices and holding policymakers accountable, individuals can drive systemic change.

While critical of superficial measures such as “tick–box” ESG frameworks, Barrett maintained an optimistic outlook on the potential of finance. “Finance can be incredibly innovative,” he noted. “It can move mountains and solve real problems, but it needs the right incentives and honest conversations about what’s at stake.” He called for a shift from short–term political cycles to forward–looking strategies, urging all stakeholders to embrace the long–term effort required to address the climate crisis effectively.

To watch the full session of WERD’s “Macroeconomics and Climate” episode, including the keynote and panel discussion, please visit https://youtu.be/MD5vaMjQdkc.

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. EBC has quickly established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, the Cayman Islands, and across emerging markets in Latin America, Southeast Asia, Africa, and India. EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the leading levels of ethical standards and international regulation. EBC Financial Group's subsidiaries are regulated and licensed in their local jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK's Financial Conduct Authority (FCA), EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia's Securities and Investments Commission (ASIC).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the 'What Economists Really Do' public engagement series by Oxford University's Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

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About the Department of Economics
The Oxford Department of Economics is a globally recognised centre of excellence, housing one of the world’s largest communities of academic economists. Known for the depth and diversity of its research, which significantly influences policy, the Department is also celebrated for its dynamic community of early–career scholars and its highly regarded undergraduate and graduate programs. In 2024, the Department of Economics was ranked first in the United Kingdom by The Guardian for undergraduate teaching. The ranking reflects the Department's ongoing commitment to excellence in teaching and research, solidifying its position as one of the leading Economics departments in the world. Beyond the achievements in teaching, the Department’s aim is to produce transformative and innovative economic research; to have a sustained impact on economic policy outside academia; and to develop and train the next generation of researchers and research leaders.

About What Economists Really Do (WERD)
WERD is run as an outreach programme by the Department of Economics, Oxford University to inspire the study of economics and share 'What Economists Really Do'. On topics ranging from the climate crisis to labour market discrimination, Oxford economists are working with governments and businesses around the world to improve policy and make the economy work better for everyone. Find out how economics can be used to shed light on some of the biggest issues facing society today in this successful public webinar series, returning for the fourth successful series in 2024–25.

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savitha.ravindran@ebc.com

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Climate Finance Not Charity, But Obligation, International Court of Justice hears

The International Court of Justice (ICJ), the principal judicial organ of the UN, is holding public hearings on the request for an advisory opinion on the Obligations of States in respect of Climate Change. Mr. Nawaf Salam, President of the court, is preciding. Credit: ICJ

The International Court of Justice (ICJ), the principal judicial organ of the UN, is holding public hearings on the request for an advisory opinion on the Obligations of States in respect of Climate Change. Mr. Nawaf Salam, President of the court, is preciding. Credit: ICJ

By Umar Manzoor Shah
THE HAGUE & SRINAGAR, Dec 5 2024 – Developing nations should not bear the brunt of the climate crisis caused by the industrialized world’s historical emissions. This was the resounding message as the Solomon Islands, India, and Iran, among others, presented their cases before the International Court of Justice (ICJ).

The submissions from three nations—Solomon Islands, India, and Iran—converged on one critical point: climate change is a global crisis requiring collective action. The Solomon Islands highlighted the intrinsic link between climate justice and human rights, urging urgent global efforts to protect vulnerable populations.

At the request of Vanuatu, the UN General Assembly asked the ICJ to issue an advisory opinion on the obligations of UN member states in preventing climate change and ensuring the protection of the environment for present and future generations. While its advisory opinion will not be enforceable, the court will advise on the legal consequences for member states that have caused significant harm, particularly to small island developing states. Hearings are ongoing at the court in The Hague.

India stressed the need for international cooperation based on the principles of equity and the Common but Differentiated Responsibilities and Respective Capabilities (CBDRRC); however, it cautioned against any overreach that could compromise developmental priorities. Iran agreed, asserting that effective climate action depends on the fair treatment of developing nations and the removal of barriers to cooperation.

Solomon Islands: A Cry for Justice
Representatives Attorney General John Muria, Junior and counsel Harj Narulla from the Solomon Islands elaborated on the threats posed by rising sea levels, urging the ICJ to affirm the moral and legal obligations of industrialized nations to support vulnerable states.

“Our people face displacement, loss of livelihoods, and threats to their cultural heritage, yet we have contributed negligibly to global emissions,” said Muria. He called for the court to prioritize the principle of “climate justice,” asserting that nations historically responsible for greenhouse gas emissions bear a greater obligation to mitigate climate impacts and assist affected countries.

The Solomon Islands demanded enhanced financial and technological support for small island and least-developed states. They argued that this assistance is not an act of charity but a legal and ethical necessity rooted in international law.

India Pleads for Equity and Differentiated Responsibilities
India’s representative, Luther Rangreji, said that the complexities of climate change as a global challenge disproportionately affect developing nations. Rangreji highlighted the inherent inequities, noting that developing nations, like India, contribute less to emissions but bear the brunt of climate impacts.

“Developed countries, historically the largest contributors to climate change, have the resources to address it. Yet, they demand that developing nations limit their energy use. This is inequity at its core,” Rangreji said.

India’s submission reinforced the principle of CBDRRC as enshrined in international agreements such as the UN Framework Convention on Climate Change (UNFCCC). Rangreji said that developing nations’ developmental priorities, including poverty eradication, must not be compromised in the name of climate action.

Legal Frameworks and Unmet Financial Obligations
Both India and the Solomon Islands highlighted the necessity for robust legal frameworks to address climate change. The Solomon Islands referenced previous ICJ cases, such as the Pulp Mills and Nuclear Weapons advisory opinions, to underline states’ obligations to prevent transboundary harm.

India, while advocating for the frameworks established by the UNFCCC, Kyoto Protocol, and Paris Agreement, cautioned against imposing new obligations. Rangreji emphasized the significance of fulfilling current commitments, specifically the USD 100 billion annual climate finance pledge from developed nations, a promise that provided minimal benefits to developing countries.

“USD 100 billion pledged at the Copenhagen COP in 2009 by developed country parties and the doubling of the contribution to the adaptation fund have not yet been translated into any concrete actions,” Rangreji said.

“Climate finance is not charity; it is an obligation.”

He argued that developing nations can scale up climate actions only if adequately supported.

Furthermore, India provided data from the Intergovernmental Panel on Climate Change (IPCC) to highlight disparities. Rangreji noted that developed nations, despite comprising only 16 percent of the global population, contributed 57 percent of cumulative emissions between 1850 and 2019. This historical responsibility, India argued, necessitates a differential approach to climate obligations.

Similarly, the Solomon Islands stated that small island nations bear a disproportionate burden of climate impacts. “Justice demands that those who benefited most from industrialization should bear the greater burden of rectifying its consequences,” stated their representative.

Iran Urges Equity and International Cooperation
Sayyid Ali Mousavi, representing the Islamic Republic of Iran, emphasized the principles of equity, CBDRRC, and international cooperation. Mousavi emphasized the significant challenges that developing nations like Iran, despite their limited emissions, face due to climate change.

Mousavi criticized unilateral coercive measures imposed by developed nations, arguing that these measures hinder the transfer of financial support and technology critical for climate mitigation in developing countries. He called on the ICJ to recognize such restrictions as violations of international cooperation principles.

“Developed countries must lead in reducing emissions and supporting developing nations through financial resources, technology transfer, and capacity building,” Mousavi stated, referencing the UNFCCC, Kyoto Protocol, and Paris Agreement as foundational frameworks.

Iran’s representative stated that the CBDRRC principle is significant, as it differentiates obligations based on historical emissions and current capacities. Mousavi argued that developed nations’ leadership in addressing climate change should include financial contributions, technology transfer, and capacity-building efforts for developing countries.

“Without access to technology and resources, developing countries cannot effectively participate in global climate mitigation efforts,” Mousavi told the court.

He criticized trade policies such as the carbon border adjustment mechanism, describing them as disproportionate measures that unfairly burden developing economies.

IPS UN Bureau Report

 


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Excerpt:

The International Court of Justice in the Hague hearings centered on emissions and equity during the fourth day of testimony into the obligations of UN member states in preventing climate change and ensuring the protection of the environment for present and future generations.

Conservation Agriculture Transforming Farming in Southern Africa

Christian Thierfelder, Principal Scientist at CIMMYT, poses in a field that is being tested for conservation agriculture at Henderson Research Station, Harare, Zimbabwe. Credit, Busani Bafana/IPS

Christian Thierfelder, Principal Scientist at CIMMYT, poses in a field that is being tested for conservation agriculture at Henderson Research Station, Harare, Zimbabwe. Credit, Busani Bafana/IPS

By Busani Bafana
BULAWAYO, Dec 5 2024 – On the dusty plains of Shamva District in Zimbabwe, Wilfred Mudavanhu’s maize field defies drought.

With the El Niño-induced drought gripping several countries in Southern Africa, Mudavanhu’s maize crop is flourishing, thanks to an innovative farming method that helps keep moisture in the soil and promotes soil health.

Once harvesting just 1.5 tonnes of maize (30-50 kg bags) each season, Mudavanhu’s harvest jumped to 2.5 tonnes of maize (50 bags) in the 2023/2024 cropping season.

Mudavanhu is one of many farmers in Zimbabwe embracing conservation agriculture, a method that prioritizes minimal soil disturbance, crop rotation, and soil moisture conservation. The practice is complemented by other methods such as timely control of weeds, mulching, and farming on a small plot to gain high yields.

Researchers say the conservation agriculture method is proving a lifeline for farmers grappling with climate change.

For more than 20 years, the International Maize and Wheat Improvement Center (CIMMYT) has promoted research on conservation agriculture in Southern Africa with the aim of getting farmers to increase their crop yields.

Under conventional farming, smallholder maize yields have often been below 1 tonne per hectare in Zimbabwe, according to researchers. Adopting CA practices has led to yield increases of up to 90 percent. While in Malawi farmers have experienced maize yields increased by up to 400 percent, crops are integrated with nitrogen-fixing trees such as Faidherbia albida. In Zambia, maize yields under conventional farming have been at 1.9 tonnes per hectare, and these have increased to 4.7 tonnes per hectare where farmers have used conservation agriculture practices.

But beyond high yields, conservation agriculture saves moisture and enhances soil health, offering farmers a long-term solution to the growing problem of soil degradation, a looming threat in the face of climate change, researchers said.

“As the climate crisis deepens, CA has become essential for Southern African farmers, offering a resilient, climate-smart approach to boost productivity and withstand climate change impacts, reinforcing sustainable food security,” Christian Thierfelder, a principal scientist at CIMMYT, told IPS, explaining that CA could be a game changer for the rainfed cropping system in the region.

About 3 million farmers in Southern Africa are practicing CA, Thierfelder said, adding: “The more climate change hits as seen in recent droughts, the more the farmers will adopt CA because the traditional way of doing agriculture will not always work anymore.”

The use of machines is attracting smallholder farmers to adopt conservation agriculture. CIMMYT has researched using machines suitable for smallholder CA systems.

The machines have been found to increase intercropping methods farmers use while addressing the challenges of high labour demands associated with conservation agriculture.

Traditionally, farmers spend hours digging planting basins, a time-consuming and labor-intensive process. The basin digger has mechanized the land preparation stage, reducing the number of people needed to dig the basins.

Thierfelder said CIMMYT has partnered with registered service providers in Zimbabwe and Zambia, who offer mechanization services that improve farming efficiency and reduce labour demands. One such innovation, the basin digger—a cost-effective, low-energy machine—reduces labour by up to 90 percent.

Cosmas Chari, a farmer and service provider in Shamva, used to spend a day digging basins for planting, but now he takes an hour using the basin digger.

Mudavanhu became a mechanization service provider after integrating CA with mechanization. As a service provider, Mudavanhu hires out a two-wheeled tractor, a sheller, and a ripper to other farmers practicing CA.

Similarly, another farmer, Advance Kandimiri, is also a service provider practicing CA.

“I started being a mechanization service provider in 2022 and adopted CA using mechanization,” said Kandimiri, who bought a tractor, a sheller, and a two-row planter.

“Conservation agriculture is more profitable than conventional farming that I was doing before I learned about CA,” said Kandimiri.

Data from CIMMYT’s research indicates that farmers adopting CA practices can earn extra income of approximately USD 368 per hectare as a result of getting higher yields and reduced input costs.

Conservation Agriculture in the Region

Farmers across Southern Africa have found success after adopting CA practices with remarkable results.

In 2011, during a visit to Monze in Zambia’s Southern Province, Gertrude Banda observed the significant benefits of CA firsthand. Farmers practicing CA for over seven years demonstrated how planting crops without tillage using an animal traction ripper led to reduced labour in land preparation and improved crop yields.

Banda says she was motivated by this experience to adopt CA on her own 9-hectare farm, where she grows cowpeas, groundnuts, and soybeans. She practices crop rotation, alternating maize with various legumes to enhance soil fertility and improve crop yields. Additionally, she uses groundnut and cowpea residues for livestock feed. She earned about USD 5,000 from selling her soya crop.

“Today, my entire farm follows CA principles,” Banda said. “All my crops are planted in rip lines, and I rotate maize with various legumes to maintain soil health.”

Over 65,000 farmers in Malawi and 50,000 in Zambia have adopted CA, according to CIMMYT, whose research shows that farmer education, training, and technical guidance are vital for farmers to make the shift.

However, widespread adoption of conservation agriculture has remained low despite its acknowledged advantages. Smallholder farmers face challenges in accessing inputs and equipment, said Hambulo Ngoma, an agricultural economist at CIMMYT.

Besides, farmers have limited knowledge of effective weed control and struggle with short-term yield uncertainties, which can discourage consistent practice, Ngoma said.

“While CA has proven its worth, adoption rates are still relatively low across Southern Africa,” Ngoma said, adding, “Many farmers lack the resources to invest in the tools and training required for effective implementation.”

Fruitful Partnerships to Promote Conservation Agriculture

Blessing Mhlanga, a cropping systems agronomist with CIMMYT’s Sustainable Agrifood Systems program, said the success of CA goes beyond technology and techniques but is hinged on education and including CA principles in national policies. In Zambia, for instance, CIMMYT, in partnership with the Food and Agriculture Organization (FAO), helped design a mechanization strategy that has paved the way for mechanized CA to be incorporated into government-led agricultural programs.

“Technologies like intensification with Gliricidia, a fast-growing nitrogen fixing tree, strip cropping, and permanently raised beds are now part of Zambia’s national agriculture agenda,” explained Mhlanga, who noted that the adoption of CA by smallholder farmers can be transformative, particularly in regions reliant on rainfed cropping.

Mhlanga said with more than 250 million hectares of land currently under CA globally and adoption rates of the CA practices increasing by 10 million hectares annually, the future of CA is promising. However, much work remains to be done in providing smallholder farmers like Mudavanhu with the right tools and knowledge to adopt conservation agriculture fully.

IPS UN Bureau Report

 


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COP29 Outcomes – A Call to Action for the World’s Most Vulnerable Nations

By Rabab Fatima
UNITED NATIONS, Dec 5 2024 – The conclusion of the 29th Conference of Parties (COP29) brings with it a blend of urgency, frustration, and a glimmer of hope for the Least Developed Countries (LDCs), Landlocked Developing Countries (LLDCs), and Small Island Developing States (SIDS).

These nations, responsible for only a fraction of global greenhouse gas emissions, suffer disproportionally from the devastating impacts of climate change.

Yet, for these vulnerable countries, the outcomes of COP29 fell short. While there was progress in certain areas, the agreements reached do not match the scale of the challenges. As the UN Secretary-General António Guterres rightly underlined, COP29 provides a foundation, but it demands urgent and ambitious action to build upon it.

Rabab Fatima

Climate Finance: The Lifeline for vulnerable nations

One of the COP29’s pivotal outcome was the agreement to achieve a global climate finance goal of at least USD 300 billion annually by 2035. While this amount does not address the needs of the most vulnerable nations, we must ensure it is delivered in full.

While COP29 left ambiguity in the exact source of these funds, between now and 2035, we should seek to establish aspirational targets for amounts flowing from the established financial instruments under the UNFCCC-such as the Adaptation Fund, the Least Developed Countries Fund, and the Special Climate Change Fund.

We must also closely track the amounts for adaptation, and to the extent possible ensure that these finance flows are from public sources, and grant-based resources or highly concessional means.

While COP29 did not set targets for the most vulnerable nations, systematic reporting will be critical to ensuring that resources reach those who need them most.

The formulation and implementation of National Adaptation Plans (NAPs) are critical for LDCs, LLDCs, and SIDS to respond to escalating climate threats. COP29’s establishment of a support programme for NAP implementation in LDCs is a positive step. However, swift and efficient operationalization is essential.

Loss and Damage: From promises to reality

Progress on the Loss and Damage Fund was a key highlight of COP29. Turning pledges into tangible contributions is now the priority. Stepping up capitalization and rapid and effective operationalization of this Fund are critical to addressing irreversible losses in lives and livelihoods caused by climate change.

Mitigation and Energy Transition

While COP29’s mitigation outcomes were modest, the urgency for emissions reductions cannot be overstated. According to the 2024 UNEP Emissions Gap Report, emissions must fall by 42 percent by 2030 compared to 2019 levels to stay on track for the 1.5°C target.

For LDCs, LLDCs, and SIDS, achieving this requires unprecedented support to ensure access to renewable energy and investments in sustainable energy. A just energy transition is integral not only for climate goals but also for economic growth and achieving the Sustainable Development Goals (SDGs).

A Call to Action

COP29’s results remind us that incremental steps are insufficient. The world’s most vulnerable countries are facing a climate emergency that demands bold and immediate actions. This includes:

    • Ensuring timely and adequate climate finance flows to LDCs, LLDCs, and SIDS.
    • Enhancing support for adaptation, particularly through public grant and highly concessional means.
    • Full and effective operationalization of the Loss and Damage Fund.
    • Empowering LDCs and SIDS to fully participate in the Article 6* market mechanisms.
    • Supporting sustainable energy transitions aligned with global climate goals.

The survival of LDCs, LLDCs, and SIDS is not just a litmus test for global climate commitments -it is a matter of justice, not charity.

As we look toward COP30 and beyond, let COP29 be a catalyst for greater ambition and unity. The time for half-hearted measures is over; the world must deliver on its promises to secure a just and sustainable future for all.

Rabab Fatima is Under Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UN-OHRLLS).

Prior to her appointment, she was the Ambassador and Permanent Representative of Bangladesh to the United Nations in New York. In that role, she co-chaired the preparatory committee meetings of the Fifth United Nations Conference on the LDC (2021). She also served as the President of the Executive Boards of UNICEF (2020) and UN-Women (2022) as well as Vice-President of the UNDP/UNFPA/UNOPS Executive Board.

She was the first women to be elected as the Chair of the Peacebuilding Commission in 2022. She also led other inter-governmental processes, including the facilitation of the progress declaration of the first International Migration Review Forum.

https://unfccc.int/process-and-meetings/the-paris-agreement/article-64-mechanism

IPS UN Bureau

 


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New Approaches Urgently Needed to Tackle Resurgent Social Crises

By Jomo Kwame Sundaram
KUALA LUMPUR, Malaysia, Dec 5 2024 – Despite uneven economic recovery since the pandemic, poverty, inequality, and food insecurity continue to worsen, including in the Asia-Pacific region, which used to fare better than the rest of the Global South.

Jomo Kwame Sundaram

Food matters
These trends are not new but have been around for some time. Food security has deteriorated worldwide for a decade and will likely worsen.

Food security measures are more indicative of well-being than traditional poverty measures, which reflect cash incomes subject to inflation and spatial variations. After all, over half of the poor’s incomes worldwide are spent on food.

Due to global heating and rising sea levels, seawater is entering rice fields in Vietnam, Bangladesh, and other countries. Over ten Vietnamese provinces are affected, and less rice production will raise prices, worsening food insecurity.

There have been uneven and modest improvements in health indicators for the Asia-Pacific region, home to three-fifths of the world population. More is needed for preventive health instead of the typical focus on curative services.

In this connection, governments should realise that revenue-financed health systems are more equitable and efficient than either private or social insurance systems touted by all too many consultants.

Grim trends
Today’s macroeconomic situation differs from the Great Stagnation of the 1980s, which especially set back Latin America and Sub-Saharan Africa.

Unlike then, recent downturns have also hit many Asian economies. Recent ostensibly counter-inflationary measures have deepened stagnation in much of the world.

Geopolitics increasingly redirects trade and investments as economic measures are increasingly weaponised. The most vulnerable are most likely to suffer.

The Sri Lankan and Pakistani economies have been in crisis recently as others struggle to avoid similar fates. Debt distress demands attention, but international cooperation is crucial.

After two and a half years of unnecessarily raised interest rates, the US Federal Reserve recently started lowering them at the end of the Northern Hemisphere summer.

Why were those interest rates raised in the first place? Ostensibly due to inflation. But higher prices in recent years have been mainly due to supply-side disruptions, not ‘excessive’ demand.

Raising interest rates has not helped much, as demand-side contraction cannot address supply-side disruptions but only worsens macroeconomic stresses.

Exceptions
Higher interest rates have adversely affected the whole world, including Europe. But unlike other central banks, only the US Fed is committed to achieving full employment.

Such US exceptionalism is part of the problem. However, most economies worldwide have suffered from higher interest rates, which have deepened economic stagnation.

The US has maintained full employment through fiscal policy and has borrowed cheaply from the rest of the world due to its ‘exorbitant privilege’, which is denied to others.

However, Japan’s and China’s central banks have refused to follow the West in raising interest rates. Hence, the pain in economies following their lead has been less severe.

Many governments’ fiscal and debt problems have constrained social expenditures, typically the first victims of budget austerity measures.

Financialization
In recent decades, the Bretton Woods institutions have promoted financialization, often by invoking UN Sustainable Development Goals (SDGs) and climate financing slogans.

With the West’s ‘quantitative easing’ after the 2008 global financial crisis, slogans like ‘from billions to trillions’ encouraged more government borrowing on commercial terms.

Rising interest rates from early 2022 have hit developing countries, forcing macroeconomic authorities to increase debt servicing.

Many countries struggle to service debt worldwide by cutting social spending. This has hit nations facing debt crises and governments trying to avoid more debt distress.

New lessons
During the pandemic, some macroeconomic authorities resorted to policies previously eschewed. Two Southeast Asian nations turned to ‘monetary financing’ of pandemic spending: central banks lent directly to finance ministries, bypassing markets.

The International Monetary Fund also issued special drawing rights (SDRs). Such extraordinary measures are necessary to meet the SDGs and keep temperatures from rising over 1.5oC above pre-industrial levels.

The Banks of Canada and England former Governor Mark Carney, now UN Special Envoy for Climate Finance and Action, has warned that the 1.5oC threshold will likely be exceeded in under a decade.

The world cannot count on some miraculous future invention to reverse irreversible planetary heating processes and their many ramifications.

New realism
Pragmatism demands addressing realities faced. Many such problems are beyond the scope of the ministries responsible for social spending, policy and protection.

Due to ‘reshoring’ and digitalisation, new investment fads will not create enough jobs. New types of socially valuable employment are needed, with many touting the commercialisation of care work.

However, most of our society’s less well-off will be unable to afford commercial care work unless their incomes rise dramatically, which seems unlikely soon.

An ‘all-of-government’ approach remains relevant for developing countries to better cope with and reverse some of the worst social trends.

Trying to do better with the limited resources available for social spending will only be adequate if the ministries responsible for macroeconomic policy, finance, and other related matters cooperate much better than ever.

Improved all-of-government cooperation and coordination work much better with a ‘whole-of-society’ approach to better tackle the social challenges of our times.

IPS UN Bureau

 


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States Individually Accountable For Contributions to Climate Change—Fiji

Debris left after Cyclone Winston in 2016. At least 44 people died, and any villages were completely destroyed. Credit: Vlad Sokhin / Climate Visuals

Debris left after Cyclone Winston in 2016. At least 44 people died, and any villages were completely destroyed. Credit: Vlad Sokhin / Climate Visuals

By Tanka Dhakal
THE HAGUE, Dec 5 2024 – At The Hague, the United Nation’s highest court heard Fiji, a small island nation, lay out its arguments on the threat posed by climate change and the legal obligations, especially those of developed nations.

On Wednesday, December 4, 2024, Fiji argued that the failure to act on climate change is a violation of international law and that nations have a duty to prevent harm, protect human rights, and secure a livable future for all.

Luke Daunivalu, Permanent Representative of Fiji to the UN in Geneva, laid out the background of suffering caused by sea level rise and worsening hazards on people who bear the brunt of climate impacts.

“Fiji stands before here, not only for our people but also for future generations and ecosystems,” Daunivalu said.

“Our people in climate vulnerable countries are unfairly and unjustly footing the bill for a crisis they did not create. They look to this court for clarity, for decisiveness, and for justice.”

Daunivalu was addressing the International Court of Justice (ICJ). At the request of Vanuatu, the UN General Assembly asked the ICJ to issue an advisory opinion on the obligations of UN member states in preventing climate change and ensuring the protection of the environment for present and future generations. While its advisory opinion will not be enforceable, the court will advise on the legal consequences for member states who have caused significant harm, particularly to small island developing states.

Graham Leung, Fiji’s Attorney General, argued that international law imposes clear obligations on states to address climate change.

“We are not here to create new laws, but to ensure compliance with existing international laws.”

Citing the European Court of Human Rights precedent-setting judgment in April this year, which held that Switzerland has a responsibility under the European Convention for Human Rights (ECHR) to combat climate change effectively to protect the human rights of their citizens, Leung said, “States can be held individually accountable for their contributions to climate change. Similarly, it was affirmed that states failing to meet the obligations bear responsibility for their actions.”

U.S. Opposed Creation of New Legal Obligations

While Fiji was demanding more action from the nations who are largely responsible for the human-caused climate change impacts, countries like the United States argued against the creation of new legal obligations or determined reparations and stressed the importance of due diligence in addressing transboundary harm.

Margaret Taylor, an attorney at the Department of State who represented the U.S., said her country “recognizes the climate crisis as one of the greatest challenges humanity has ever faced.

However, climate change was an issue for the entire planet.

“It is global in its causes, resulting from a wide variety of human activities worldwide that emit carbon dioxide and other greenhouse gasses, including super pollutants such as methane. Such activities include not only the burning of fossil fuels for energy production but also agriculture, deforestation, and industrial processes.”

Taylor emphasized that there was already a framework for climate action initiated by the UN Framework Convention on Climate Change (UNFCCC) and the 2015 Paris Agreement and asked the court to preserve and promote the centrality of the UN climate change regime.

The U.S. argued advisory proceeding is not the means to litigate past violations or determine reparations but rather to guide future conduct.

“I want to underscore that there is no basis to apply any bifurcated or other categorical differentiation of duties among states, such as between those characterized as developed and those sometimes characterized as developing. There is simply no legal foundation for such an approach,” Taylor said.

She repeatedly brought up the concept of common but differentiated responsibilities and respective capabilities, reflecting the principle that obligations should be interpreted according to national circumstances.

The U.S. also emphasized its commitment to addressing the climate crisis, aiming to cut greenhouse gas emissions by 50 percent by 2030 and achieve net zero not later than 2050. She focused on the Paris Agreement’s Nationally Determined Contributions (NDCs) and the UNFCCC framework highlighted as central to international cooperation.

Russia Says 1.5°C is Not Binding

At the ICJ, Russia also supported the UNFCCC and Paris Agreement, emphasizing national differentiation in climate efforts and the non-binding nature of the 1.5°C temperature goal. Like the US, Russia also underscored the need for international cooperation and the role of human rights in climate action.

Representing Russia, Maxim Musikhin, Director of the Foreign Ministry Legal Department, said, “There is no basis to consider the States are obligated to adopt measures to limit the global average temperature increase to 1.5°C for similar reasons; the transition from fossil fuels is not a legal obligation but rather a political appeal to states.”

Russia argued that the right to a clean, healthy, and sustainable environment is discussed in the climate change framework, but it has not crystallized in customary international law.

But Spain, who addressed the ICJ before the U.S. and Russia, argued the need for a human rights-based approach to climate change, highlighting the link between environmental degradation and human rights violations. It highlighted the environmental crisis as a global social crisis with a direct impact on the protection and enjoyment of human rights.

Vanuatu’s Disappointment

After the ICJ’s proceeding on Wednesday, Vanuatu expressed its disappointment. Ralph Regenvanu, Special Envoy for Climate Change and Environment for the Republic of Vanuatu, stressed that destruction of the climate system is unlawful, and big polluters must be held accountable.

“We are obviously disappointed by the statements made by the governments of Australia, the United States, Saudi Arabia, and China during the ICJ proceedings. These nations, some of the world’s largest greenhouse gas emitters, have pointed to existing treaties and commitments that have regrettably failed to motivate substantial reductions in emissions.”

Regenvanu said in a statement, “Let me be clear: these treaties are essential, but they cannot be a veil for inaction or a substitute for legal accountability.”

At the court, frontline counties are pushing for clarification of the legal obligations of nations responsible for anthropogenic climate change. On Wednesday, Fiji urged the court to declare the failure to act on climate change a violation of international law and affirmed that states have a duty to prevent harm, protect human rights, and secure a livable future for all.

Leung urged the court, “Let this be the moment when the cries of the vulnerable are heard.”

IPS UN Bureau Report

 


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Heightened Insecurity in Sudan Threatens Nationwide Collapse

Two women and a child in a displacement shelter in Sudan. Displaced women and children are the most vulnerable populations. Credit: UNICEF/Ahmed Mohamdeen Elfatih

By Oritro Karim
UNITED NATIONS, Dec 5 2024 – As the Sudanese Civil War continues to ravage the people of Sudan, conditions for internally displaced persons grow more dire every day. The situation in Sudan is currently the biggest displacement crisis in the world. Famine, violence, and gender-based violence are rampant. Described as “an invisible crisis” by the United Nations (UN) new emergency relief chief, Tom Fletcher, many believe that the humanitarian response has been largely ineffective in tackling the urgent and growing scale of needs.

The latest figures from the United Nations High Commissioner for Refugees estimate that approximately 11.5 million people have fled their homes since the wake of the war. Roughly 8.5 million people have been dispersed throughout Sudan’s borders while 3 million have fled to neighbouring nations such as Chad, Egypt, and Ethiopia. According to the United Nations Children’s Fund (UNICEF) mass displacement has given way to one of the world’s biggest educational crises. It is estimated that 90 percent of Sudan’s 19 million school-aged children lack access to any form of formal education.

Sudanese displacement camps have seen a steep rise of violence over the past few days. On December 1-2, intense gunfire and shelling was reported around the Zamzam camp, one of Sudan’s largest shelters, located south of El Fasher, North Darfur. According to humanitarian organizations, at least five people were killed and eighteen were injured. This led to the evacuation of a hospital within the camp and suspension of medical services.

In a report released by the Office for the Coordination of Humanitarian Affairs (OCHA), UN Resident and Humanitarian Coordinator in Sudan Clementine Nkweta-Salami condemned the attack and urged for stronger protections to be established for civilians.

“I am deeply concerned by reports of the indiscriminate shelling of Zamzam camp, health clinics, and shelters of displaced people. Their protection is paramount. Civilians and civilian infrastructure are protected under international humanitarian law and should never be a target,” said Nkweta-Salami.

The UN has described conditions in the Zamzam camp as being at a “breaking point.” Heightened violence has exacerbated already dire conditions for the nearly 500,000 displaced persons residing in this camp. Health clinics, residential areas, and the humanitarian response has been severely strained due to the sheer scale of suffering. According to a press release from the UN, famine has been persistent in the Zamzam camp since August 2024, making it the only location globally where famine has been declared this year.

The medical humanitarian organization Doctors Without Borders, also known as Médecins Sans Frontières (MSF), has been on the frontlines assisting displaced persons facing severe injuries or war-related conditions. On December 1, MSF received eight injured people, including children as young as four years old. These patients faced conditions such as chest trauma and bone fractures.

MSF reports that thousands of children are currently being treated for malnutrition and starvation. A series of studies were conducted to assess the mortality rate of 400 households in the Zamzam camp. Out of 46,000 children, it is reported that approximately 30 percent are struggling with acute malnutrition, while 8 percent are facing severe malnutrition. Furthermore, 10 percent of children under five years old struggle with severe acute malnutrition, a life-threatening condition.

The World Food Programme has called for a cessation in violence to allow humanitarian aid to reach affected communities. “We’ve been pushing for months to get to these communities. We have the food. We have the trucks. We have the staff on board to ensure this aid gets there. Now, we need all warring parties and armed groups to allow this vital food and nutrition to arrive safely,” said Alex Marianelli, WFP’s Operations Deputy Country Director in Sudan.

Additionally, gender-based violence remains a pervasive issue plaguing displaced communities all across Sudan. According to statistics from the United Nations Mission in South Sudan (UNMISS), approximately 65 percent of all women and girls experience sexual, physical, and gender-based violence in their lifetime. Sudan also ranks as one of the nations with the highest number of reported cases of intimate partner violence.

“Every day countless South Sudanese women and girls endure unthinkable suffering due to gender-based violence and conflict-related sexual violence,” said South Sudanese Minister of Gender, Child and Social Welfare Aya Warille. “These acts are more than mere statistics. They are profound violations of human rights that fracture the very fabric of our society. They rob our mothers, sisters and daughters of their dignity and place an immense burden on our future. This is not just a women issue, it is a societal crisis that speaks to the core of our humanity.”

Sudanese civilians and humanitarian officials have described aid efforts as being inadequate, relative to the massive, nationwide scale of suffering. Twenty years ago, we had presidents and prime ministers engaged to stop atrocities in Darfur. There are today many times as many lives at stake – this is the world’s worst crisis — but we are met with deafening silence. We must wake up the world before famine engulfs a generation of children,” said Norwegian Refugee Council (NRC) Secretary General Jan Egeland.

Despite many believing that Sudan has been largely “ignored” by the international community, the UN reiterates that Sudan is a pressing concern for them. “This crisis is not invisible to the UN, to our humanitarians on the front-line risking and losing their lives to help the Sudanese people,” said Fletcher.

Reasons for the limited humanitarian response can be attributed to widespread social insecurity that has been exacerbated by violence and an overall lack of funding. Mobility and aid deliveries have experienced increasingly common restrictions and blockages. Additionally, the UN’s goal of 2.7 billion USD for the humanitarian response in Sudan has only been 57 percent funded. This poses significant challenges in sustaining life-saving aid efforts in the face of a crisis that deepens in severity on a daily basis.

IPS UN Bureau Report

 


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